Learn how modular Layer-2 blockchains are helping developers build secure dApps for the Web3 future
Arguably the most popular blockchain amongst developers building decentralized applications (dApps), the Ethereum Network is credited with introducing the Web3 community to innovations like smart contracts while maintaining robust security standards.
However, in order to solve Ethereum’s scalability issue, a new type of Layer-2 (L2) blockchain was introduced that relies on the Ethereum Mainnet (Layer-1) for its security but processes transactions on separate third-party networks in order to increase throughput speeds.
Importantly, developers had to ensure that these L2 blockchains were compatible with the Ethereum Virtual Machine (EVM), a run-time environment where Ethereum’s application code and smart contracts are executed, EVM compatibility ensures that smart contracts can be executed in a cross-chain environment, enabling Web3 developers to build dApps that can interact seamlessly with each other.
As a result, a number of decentralized finance (DeFi), gaming, and social dApps are built and hosted on L2 blockchains, marking a decided shift in Web3 developers’ preferences away from the Ethereum mainnet.
Eventually, L2 blockchains started innovating with new solutions and technologies that could reduce transaction fees or gas and ramp up the network’s speed to cater to a wider audience. However, L2 blockchains have found it difficult to achieve hyper-scale without compromising on security standards because of the bridges or sidechains they employ. Therefore, in order to achieve both hyper-scale performance and Ethereum’s unparalleled security, a new kind of modular L2 blockchain had to be envisaged to provide a future-proof building platform for Web3 innovators.
Introducing Mantle - a high-performance Ethereum Layer-2
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